The discussion includes less than robust economic reports including sluggish retail sales.

Peter Schiff thinks the economic recovery is less than genuine; conditions are far more dire than reported.

According to a major EU investment bank Saxo, gold may have found a solid bottom - the yellow metal could soar as high as $1,400.

However, Peter Schiff thinks the figure is conservative, given the recent failure by Fed policymakers to raise rates.

His findings indicate the true Fed agenda involves preparations for the next round of monetary easing, QE4.

Bullion supply conditions remain constrained - the US Mint and the Canadian Mint are unable to meet demand due in part to weekly silver coin quotas.

In addition, the Australian Perth Mint sold a record 2.5 million silver ounces in the latest reading; an all time record.

Even if gold were to decline to $800 the small downside risk is fractional relative to the upside potential; the risk-reward is highly favorable.

2016 could be the renaissance year for the PMs, gold may surprise even the most staunch aficionado as the sector begins to reflect true intrinsic value.

Even with the 14% advance in the XAU index last week, gold shares may represent a fantastic opportunity, relative to general equities.

Plus, the real estate sector may experience an epic plunge, similar to the 2006 peak, as financial institutions unload huge shadow inventories on a public ill-prepared to switch from renting back to home ownership.